
11/08/2025
India’s tax system is in for one of its biggest updates in decades.
The revised Income-Tax Bill, 2025, tabled by Finance Minister Nirmala Sitharaman, aims to simplify compliance, restore key deductions, and close drafting gaps that could have hurt businesses and taxpayers alike.
From removing refund restrictions on late filers to restoring Section 80M deductions on inter-corporate dividends, and extending pension tax parity to private-sector retirees this is more than just a legal clean-up. Analysts say it could directly lift corporate profits and ease liquidity for MSMEs.
But there’s more property owners escape an unintended tax hike on vacant homes, and businesses get easier access to NIL TDS certificates, freeing up working capital.
What’s the catch? Digital asset taxation remains largely untouched, leaving fintech and crypto entrepreneurs still waiting for clarity.
Full breakdown here:
hindustanherald.in/revised-income-tax-bill-2025-key-changes-impact
The revised Income-Tax Bill 2025, tabled in the Lok Sabha, simplifies rules, restores key deductions, and fixes drafting flaws. Discover how these changes impact businesses, investors, and taxpayers in India.